Capital Stock and Dividends. The Borrower will not, nor will it permit any Subsidiary to issue or have outstanding any preferred stock, other than preferred stock not having mandatory redemption, retirement and other repurchase dates commencing less than 91 days after the Maturity Date.
Capital Stock and Dividends. So long as any Default or Unmatured Default has occurred and is continuing before or immediately after giving effect thereto, the Borrower will not declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding.
Capital Stock and Dividends. If a Default or Unmatured Default exists before or after giving effect thereto, the Parent will not, nor will it permit any Subsidiary to, (a) issue (except by a Subsidiary to the Parent or any Wholly-Owned Subsidiary) any preferred stock, other capital stock or any equity securities of any kind, in each case, subject to sinking fund payments or other mandatory redemptions or payments prior to the Facility Termination Date or (b) declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock and dividends payable in cash to the Parent or a Wholly-Owned Subsidiary of the Parent) or redeem, repurchase or otherwise acquire or retire any of its capital stock at any time outstanding.
Capital Stock and Dividends. 47 6.11 Indebtedness...................................................................................47 6.12 Merger.........................................................................................47 6.13
Capital Stock and Dividends. No Credit Party will, nor will it permit any Subsidiary to, (a) issue any capital stock or equity securities of any kind if as a result thereof a Change in Control would occur, or (b) declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding if a Default or Unmatured Default has occurred and is continuing or would occur after giving effect thereto (determined with respect to the covenants set forth in Section 6.22 on a pro forma basis as of the last day of the immediately preceding Fiscal Quarter), except that any Subsidiary of Alleghany may declare and pay dividends or make distributions to Alleghany or any Wholly-Owned Subsidiary of Alleghany.
Capital Stock and Dividends. So long as any Default or Unmatured Default has occurred and is continuing, the Borrower will not declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding, other than any such dividend or distribution required in connection with the CSC Spin-Off; PROVIDED that no such dividend or distribution could reasonably be expected to have a Material Adverse Effect.
Capital Stock and Dividends. The Borrower will not, nor will it ---------------------------- permit any Subsidiary to, (a) issue or have outstanding any preferred stock, other than preferred stock not having mandatory redemption, retirement and other repurchase dates commencing less than 91 days after the Facility Termination Date then in effect or (b) declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding, except that (i) any Subsidiary may declare and pay dividends or make distributions to the Borrower or to a Guarantor, (ii) so long as no Default or Unmatured Default exists before or after giving effect to the declaration or payment of such dividends or repurchase or redemption of such stock, the Borrower may repurchase or redeem its capital stock or declare and, within 45 days thereafter, pay dividends on its capital stock in an amount which, when added to the amount of all prior dividends and stock repurchases or redemptions from and after the date hereof does not exceed 20% of Net Worth at such time (before giving effect to such dividend, repurchase or redemption).
Capital Stock and Dividends. Section 5:1 Pre-Emptive Rights 9 Section 5:2 Certificates for Shares 9 Section 5:3 Transfers 10 Section 5:4 Regulations Governing Issues and Transfers of Shares 10 Section 5:5 Transfer Agents and Xxxxxxxxxx 00 Section 5:6 Lost or Destroyed Certificates 10 Section 5:7 Fractions of Shares 10 Section 5:8 Determination of Stockholders 10 Section 5:9 Record Date 10
Capital Stock and Dividends. The Borrower will not, nor will it permit any Subsidiary to, declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding, except that (i) any Subsidiary may declare and pay dividends or make distributions to the Borrower or to a Wholly-Owned Subsidiary of the Borrower and (ii) so long as no Default or Unmatured Default is pending before or after giving effect to the declaration or payment of such dividends or repurchase or redemption of such stock, the Borrower may declare and pay dividends and repurchase and redeem its capital stock.
Capital Stock and Dividends. The Borrower will not, --------------------------- nor will it permit any Subsidiary to, (a) issue any capital stock or equity securities of any kind if, as a result thereof, a Change in Control would occur, or (b) declare or pay any dividends or make any distributions on its capital stock (other than dividends payable in its own capital stock) or redeem, repurchase or otherwise acquire or retire any of its capital stock or any options or other rights in respect thereof at any time outstanding if a Default or Unmatured Default has occurred and is continuing or would occur after giving effect thereto (determined with respect to the covenants set forth in Section 6.22 on a pro forma ------------ basis as of the last day of the immediately preceding Fiscal Quarter), except that any Subsidiary may declare and pay dividends or make distributions to the Borrower or any Wholly Owned Subsidiary. 6.11.
